EXPORT & IMPORT LETTERS OF CREDIT SECTION
Since our dear country Afghanistan has been in rapid
reconstruction and development process in different sectors
like; construction, commercial, agricultural, industrial and
other sectors by national and international experts of
developed countries and advanced technology. And banks role
is to grow and develop economy of the country as well.
Therefore; NKB credit department is determined to support
different commercial sectors including all private companies
and governmental financial organizations and institutions
with export & import letters of credit against their
contract letters and Performa invoice , so as to has played
its role in growth and development of national economy of
the country in advance.
With respect to the above-mentioned descriptions; NKB credit
department offers export & import letters of credits for
applicants based on the procedures which have been approved
by NKB Board of Directors with new banking system by (swift)
as soon as possible addressing corresponding banks with the
Documentary Letters of Credit Conditions:
1- To write an application form addressing NKB CEO along
with contract or Performa invoice stamped and signed by
authorized person of company.
2- Company license
3- If governmental organizations and departments ask for
letter of credit; a formal letter with original copy of
contract and Performa invoice signed by the authorized
person be sent addressing NKB CEO.
4- Applicant’s name, address and banking information.
5- Beneficiary’s name, address and banking information.
6- CIF – C&F – FOB- CIP
7- Time for letter of credit (…..) months.
8- Transportation way (by sea, land, air)
9- To offer letter of credit for applicants against the
contract and Performa invoice is certain; which have been
registered by ministry of commerce
& industries and chambers of commerce and have confirmed
applicant’s tax payment and other commercial expenses.
To receive commission for opening and adjustment of
letter of credit is according to commission description as
1. 100%Margin deposit or advance payment
2. To open Letter of Credit 0/75% commission will be charged
from amount of letter of credit
3. To extend letter of credit – 2500 AFN or 50 USD will be
4. To adjust letter of credit -2500 AFN or 50 USD will be
5. To confirm letter of credit-2500 AFN or 50 USD will be
6. All corresponding bank’s expenses will be charged upon
Letter of Credit Cancellation Conditions:
1. To disobey conditions of Letter of Credit; by any side.
2. All expenses of Letter of Credit cancellation will be
charged upon customer and L/C file will be closed.